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- Title
THE IMPACT OF ENERGY CONSUMPTION ON ECONOMIC GROWTH: THE CASE OF CHINA.
- Authors
SEK, S. K.
- Abstract
Energy resources are important sources used in production. The consumption of energy resources is closely linked to the economic development and the environmental quality. In this paper, empirical analyses are conducted to reveal how energy consumption can affect economic growth (GDP) directly and indirectly through its impact on environmental quality. The study is focused on China, an economy that is highly energy intensive and the second largest economy in the World. Applying linear and threshold cointegration tests, our results reveal significant long-run relationship in the model with GDP as dependent factor and the regressors of energy consumption and carbon dioxide emissions. Our estimation results show that energy consumption has direct positive effect on economic growth but it may have larger negative effect on economic growth indirectly through higher carbon dioxide emissions.
- Subjects
CHINA; POWER resources &; economics; ECONOMIC development; GROSS domestic product; CARBON dioxide mitigation; ENERGY consumption &; economics; ENERGY consumption &; the environment; ENVIRONMENTAL degradation
- Publication
Applied Ecology & Environmental Research, 2017, Vol 15, Issue 3, p1243
- ISSN
1589-1623
- Publication type
Case Study
- DOI
10.15666/aeer/1503_12431254